Energy Investing - Watched Eric, brief notes - Energy Investing - InvestorVillage


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Msg  501077 of 550897  at  5/31/2023 10:14:55 AM  by

ablebonus


Crude supply / demand

US crude production correlates with rig count on an 8 month lag.  US rig count peaked about 8 months ago and down since so US production should decline rest of year (starting now-ish).
 
OPEC volumes did drop in May based on FRO earnings report today, so OPEC cuts just showing up.  SPR releases end in a week or so?
 
As long as WW demand holds up inventory levels are likely to be bullish for oil prices rest of year. 


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Msg # Subject Author Recs Date Posted
501080 Re: Watched Eric, on BNN today @noon ScottMc 2 5/31/2023 10:28:52 AM




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